For the year ending 2025-12-31, VSECU had $40,328K increase in cash & cash equivalents over the period. $5,709K in free cash flow.
| Cash Flow | 2025-12-31 |
|---|---|
| Net income | 11,703 |
| Depreciation and amortization | 39,924 |
| Amortization of debt issuance costs | 1,464 |
| Deferred taxes | -58 |
| Stock-based compensation | 12,835 |
| Specific provision for inventory | 0 |
| Impairment and loss on sale of business segments | -47,046 |
| Loss on sale of property and equipment | -45 |
| Lease abandonment and termination costs | 0 |
| Earn-out receivable adjustments | 29,200 |
| Interest income on note receivable | 2,041 |
| Receivables | 26,531 |
| Contract assets | 8,570 |
| Inventories | 56,870 |
| Prepaid expenses and other current assets and other assets | 4,532 |
| Operating lease assets and liabilities, net | -2,376 |
| Accounts payable and deferred compensation | -10,932 |
| Accrued expenses and other current and noncurrent liabilities | -8,069 |
| Net cash provided by (used in) operating activities | 26,990 |
| Purchases of property and equipment | 21,281 |
| Proceeds from the sale of business segments, net of cash divested | 138,973 |
| Proceeds from payments on notes receivable | 0 |
| Cash paid for acquisitions, net of cash acquired | 394,144 |
| Net cash used in investing activities | -276,452 |
| Borrowings on bank credit facilities | 667,335 |
| Repayments on bank credit facilities | 803,585 |
| Proceeds from issuance of common stock | 442,167 |
| Payment of debt financing costs | 2,584 |
| Payment of taxes for equity transactions | 5,138 |
| Dividends paid | 8,263 |
| Other | -142 |
| Net cash provided by financing activities | 289,790 |
| Net increase in cash and cash equivalents | 40,328 |
| Cash and cash equivalents, beginning of period | 29,030 |
| Cash and cash equivalents, end of period | 69,358 |
VSE CORP (VSECU)
VSE CORP (VSECU)